Hong Kong's SFC Releases Third Quarterly Report for 2022

The Securities and Futures Commission (SFC) today published its latest Quarterly Report which summarises key developments from July to September 2022.

Key figures for the quarter include:

• ​The number of licensees and registrants increased 1% quarter-on-quarter to 48,969, of which 3,274 were licensed corporations.

• ​The SFC vetted 29 new listing applications, including four from pre-profit biotech companies.

• ​The SFC authorised 37 unit trusts and mutual funds (including 19 Hong Kong-domiciled funds) and 103 unlisted structured investment products for public offering in Hong Kong. It registered 22 new open-ended fund companies.

• ​It commenced 53 in-depth inspections of licensed corporations to review their compliance with regulatory requirements. 

• ​The SFC made 1,929 requests for trading and account records triggered by untoward price and turnover movements.

• ​It issued section 179 directions to gather additional information in 11 cases. 

• ​Four licensed corporations and five individuals were disciplined, resulting in total fines of $20.1 million.